Free by Christmas?
Back in the beginning of the Summer, I discussed a Highland Park (St. Paul) home with a particularly tortured price history:
May 4: listed at $699,900
May 10: reduced to $674,900
May 15: reduced to $649,900
May 18: reduced to $624,900
May 21: reduced to $599,900
May 29: reduced to $574,900
June 1: reduced to $564,900
June 4: reduced to $549,900
June 6: reduced to $524,900
June 14: reduced to $500,000
I noted in my post (“So, How Low Did it Go?”) that the drop to $500k seemed to do the trick; the home’s status on MLS was switched to “Pending” shortly thereafter.
(Still More) Price Cut Pain
Unfortunately, the transaction — a short sale — didn’t stick; here’s the home’s subsequent price history:
July 2: $499,900
July 10: $474,900
July 15: $449,900
July 21: $439,900
July 25: $434,900
July 29: 424,900
July 31: $419,900
Aug. 3: $409,900
Aug. 5: $399,900
Aug. 19: $389,900
Even when a home has multiple challenges — and this one certainly does (odd layout, one-car garage, numerous half-finished projects) — you feel badly for an owner who’s gone through this much pain.
